Γιατί δεν αγοράζουμε το χρέος μας;
“As bond yields go up the prices of the respective bonds come down and vice versa. This means that Greek sovereign bonds are now being sold in the secondary market at prices considerably under par value and Greece can wisely buy them back taking advantage of these discounts.”
“According to the Ministry of Finance Public Debt Management Agency debt maturing between 2014 and 2019 inclusive totals in excess of 120 billion euros. [7] If an average pricing discount of 30% below par value is sustained during the repurchase of this debt it would mean a long-term savings of almost 36 billion euros for the Greek taxpayer and this amount could be taken off Greece’s national debt. This reduction in debt will result in Greece’s debt-to-GDP ratio to fall from 120% to a possible 105% immediately. It would also reduce the country’s interest expense by almost 2 billion euros annually which in turn would reduce the annual budget deficit by almost one full percentage point as per the country’s GDP.”